Today in 1998 Google was founded. Over the twenty years of its existence, we have seen an incredible number of innovations and a thirtyfold increase in its shares price. Bitcoin, being twice as young, has already provided humanity with a revolutionary solution to arguably the most vital problem and rewarded early adopters with even more generous profits.
Crypto enthusiasts still have a long way to go, and the main thing is not to always keep your hand on the crypto pulse!
Justin Sun decided to keep up with DeFI trend. Thanks to his new projects JustSwap and Sun.market, which over 5.5 billion TRX tokens (over $250 million) locked, the value of TRON increased by 110% since the end of August .
Justin is known as a great promoter of his projects through lound announcements. Every day. Such behavior attracts many people willing to invest in new DeFi projects, even though most of them are only analogues of existing ones. For example, JustSwap is a direct analogue of the Uniswap project.
Such an impressive growth propelled Justin's cryptocurrency to the top 10 largest cryptocurrencies by capitalization.
We didn’t hear any loud news from Sun last month, but as we see he still knows his business. One of the most controversial characters of the crypto world is back! In the big game!
This is great, because, as we said before, good competition brings good projects. Go, Sun, Go!
The Block analysts have prepared a map of the DeFi ecosystem on Ethereum. It looks mesmerizing, doesn't it?
Let's play a game :) Try to spot as many projects as possible and give yourself a status:
0-15 projects - cryptobaby 👶
16-35 projects - cryptoworker 👷♂️
35-50 projects - cryptoenthusiast 😜
50 or more - Satoshi's bro 😇
Messari analysts reported that the popularity of decentralized exchanges has recently increased significantly. The current dominance of DEX over the total trading volume (including centralized exchanges) exceeded 5%!
In August the trading volume on DEX exceeded $12 billion, which is three times higher than July’s one...
Volumes are increasing daily and the decentralized exchanges don’t seem to be slowing down in the near future.
"Sex is certainly great, but have you ever tried DEX?" - Yes, we see such memes in the near future. During the mass adoption times!
— Bitcoin and most of the market is down. Bitcoin has fallen below $11,000 for the first time in 30 days